Manoj Jewellers Limited reported its highest-ever annual performance for the financial year ended March 31, 2026. The company delivered robust growth, with Total Income rising 91.5% year-on-year to ₹11,419.9 lakhs and Profit After Tax (PAT) increasing 89.4% to ₹902.4 lakhs. This performance was supported by a rapid scale-up of the wholesale business and the launch of two new product lines during the year. The board approved the audited standalone financial results at a meeting held on May 15, 2026, with the statutory auditors issuing an unmodified opinion. On May 18, 2026, the company filed an investor presentation under Regulation 30 of SEBI (LODR) Regulations, 2015, highlighting business performance and H2 FY26 results.

Strong Revenue and Profit Growth in FY26

The company's financial results for FY26 reflect significant earnings growth across key metrics. Revenue from operations nearly doubled to ₹11,416.1 lakhs, while EBITDA grew 63.3% year-on-year to ₹1,365.4 lakhs. The following table summarises the key financial performance metrics for FY26 versus FY25:

The company's multi-year financial trajectory further underscores the pace of growth. Operating revenue has grown from ₹1,363.0 lakhs in FY23 to ₹11,416.1 lakhs in FY26, while PAT expanded from ₹62.36 lakhs to ₹902.4 lakhs over the same period.

H2 FY26 Performance

For the second half of FY26, the company reported Total Revenue of ₹4,505.7 lakhs, up 29.3% year-on-year. EBITDA for the period stood at ₹547.9 lakhs, up 28.8% YoY, with the margin holding steady at 12.17%. PAT for H2 FY26 increased 34.5% YoY to ₹336.9 lakhs, with PAT margin improving to 7.48% from 7.19% in H2 FY25. Financial costs declined 18.24% to ₹78.93 lakhs, while depreciation fell 11.75% to ₹9.31 lakhs during the period.

Revenue Mix and Business Segments

The company operates across three segments — Wholesale (B2B), Retail, and Online — with a pronounced shift towards B2B over recent years. B2B revenue grew from ₹27.31 crores in 2024 to ₹99.41 crores in 2026, while retail revenue remained relatively stable at ₹14.75 crores. As a result, B2B's share of total revenue from operations expanded from 62.99% in 2024 to 87.08% in 2026.

Operational and Business Highlights

During FY26, the company launched the "Thanga Kovil" lightweight temple jewellery collection and a dedicated traditional yellow gold jewellery line to cater to the South Indian market. It participated in four major jewellery exhibitions across India, strengthening brand visibility and expanding its wholesale network. The company added 7 new wholesale clients, driving B2B revenue growth of over 111% YoY in Q2 FY26. The product portfolio spans hallmarked 22K/18K gold ornaments, bridal and designer diamond pieces, gold-plated silver jewellery, and Italian silver jewellery. The gold-plated silver jewellery category delivers margins of over 70%, targeting value-conscious customers seeking premium designs. Manoj Jewellers operates two showrooms — a 2,000 sq. ft. flagship in Sowcarpet and a 1,500 sq. ft. boutique in Kilpauk, Chennai — supported by a team of 25+ professionals.

Managing Director Manoj Kumar stated: "FY26 has been a defining year for Manoj Jewellers Limited, our first full year as a listed company. We nearly doubled our Total Income to ₹114.2 Cr and grew PAT by 89.4% to ₹9.02 Cr — the highest in the Company's history. Looking ahead to FY27, we are focused on three priorities: commissioning our own bangle manufacturing unit to bring a key product category in-house, launching a new chains product line and scaling the Thanga Kovil collection, and expanding our old-gold exchange programme in line with the Government of India's stated policy direction."

Balance Sheet and Cash Flow

Total assets and liabilities as of March 31, 2026, stood at ₹6,056.8 lakhs, up from ₹3,525.2 lakhs in the previous year. Net Worth increased significantly to ₹3,886.2 lakhs from ₹1,453.1 lakhs, supported by proceeds from the IPO. Cash and bank balance rose to ₹197.1 lakhs from ₹22.5 lakhs. Inventories increased to ₹4,905.9 lakhs from ₹2,930.7 lakhs, reflecting the scale-up in operations. Long-term borrowings declined to ₹905.4 lakhs from ₹1,246.0 lakhs.

Source: None/Company/INE0MV001018/91eadb70-e21e-4f3c-b3f7-40bfb18d34b8.pdf

Manoj Jewellers Limited has notified the BSE SME Platform of an upcoming Board of Directors meeting scheduled for Friday, May 15, 2026, to be conducted through Video Conferencing. The intimation, dated May 08, 2026, was filed pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The meeting has been convened to address the following key business items:

Trading Window Closure

In continuation of its earlier intimation dated March 30, 2026, Manoj Jewellers has also informed that the Trading Window for dealing in the equity shares of the company has been closed from April 01, 2026. As per the company's Code of Conduct for Prevention of Insider Trading, framed under the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window will remain closed until 48 hours after the communication of the audited financial results to the Stock Exchange.

The intimation was signed by Manoj Kumar, Managing Director (DIN: 01730747), on behalf of Manoj Jewellers Limited.